In India, IPO is closely watched over by SEBI and are traded on either NSE or BSE. They follow an organized process that includes filing a prospectus, finding a price band, having a subscription period, allocating shares, and finally going public.
The main types of IPOs in India
Indian IPOs can be broken down into two main groups:
Mainboard IPOs are bigger issues (usually more than ₹100 crore) and have stricter rules for compliance. They are put out by well-known companies with good finances. A lot of people want to trade in these because they are listed on the major exchanges.
SME IPOs are aimed at small and medium-sized businesses and have lower issue amounts (usually ₹1–25 crore) and easier requirements to join. These are listed on NSE Emerge or BSE SME, which are platforms just for small businesses. Usually, the lot amounts are smaller.
The steps for each are similar, but the types of investors, the level of risk, and the minimum amounts that can be applied for are different.
Figuring Out IPO Status
The IPO allotment status shows if your bid led to the allocation of shares. In IPOs that have a lot of people who want to buy shares (which happens a lot with famous issues), retail investors often only get a small share or none at all, even if they pay the full amount.
Allotment is based on:
- Class (Retail: up to 2 lakh naira, NII, QIB)
- Total number of subscriptions
- allotment method set by SEBI (lottery for retail, proportional for others)
It is important to know the situation right away:
- Paid-in shares were paid, and funds were taken out.
- Not allotted—money sent back to bank account (usually in one to two days).
How to Check the Status of Your Allotment Step by Step
- The allotment date will be announced in the RHP or by the register. This date is usually T+3 to T+4 from the closing date.
- Visit the Registrar’s Portal. Link Intime, KFin Technologies, Bigshare Services, and Cameo Corporate are some of the most common registries.
- Type in the needed information—usually:
- ID of the application or bid (bid ID, bank account number) or PAN number
How to Make It Easy to Track Your Allotment
- Write down the application number and PAN right away after bidding. Save the registrar’s IPO progress page in your bookmarks (name is shown in RHP).
- Check the status early on allotment day to escape website slowdowns during busy times.
- Making sure that your Demat and bank information fits the application can cause credit delays.
- If not given, funds should be released within T+1 or T+2 from the date of allotment.
Why it’s important to keep track of allotments quickly
Quickly checking the state confirms:
- Allotment that goes well → plan for listing day (hold or sell)
- Not assigned; money made available for other projects
- Any delays or mistakes—contact the registrar or broker right away
Most retail-favored IPOs are highly oversubscribed, so allotment is never a sure thing. That’s why timely tracking takes away the risk and lets you move forward with confidence.
